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but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why didn't he just say that we're taking the able of social security to 6, cutting the military budget. the democrats will be committing political suicide and the republicans. that's why i was hoping that congress would rise above and figure out a more reasonable way to spend less and take in more money over time and get the budget over time. the moronic cliff doesn't hurt. what do we need? i have to use his words because it's like a curse word. compromise. it used to be the american way. compromise, that's considered to be sinking below. you know i favor higher stock prices, that's my mantra. i'm not sure that cutting all these programs quickly, that's what the quick jump would do is the way to get to higher stock prices, austerity means that tax hikes will go higher. unlike the rest of the 98%, you won't hurt the market as much as if you make everybody pay. the 2% save more and the 98% spent more. but what really hurts is no deal at all. the presiden
but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why didn't he just say that we're taking the able of social security to 6, cutting the military budget. the democrats will be committing political suicide and the republicans. that's why i was hoping that congress would rise above and figure out a more reasonable way to spend less and take in more money over time and get the budget over time. the moronic cliff doesn't hurt....
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he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global call
he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks...
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because of sandy or something else, we come back. this economy is super resilient and i think we'll be able to go over the cliff or go through the cliff without having a recession. >> i hope you're right. my concern is that you are absolutely wrong. actually the economy is slowing to stall speed and markets could correct badly on the news moving forward. we learned this week that manufacturing contracted in november for the first time in three months. we had analysts on the program talking about the channel checks indicating softness for a second month and today goldman has downgraded growth in the f
i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because...
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campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems that the impasse cannot be solved and we got to -- go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government man-dated recession, which is what it's amounted to doing, but we can't even get them to promise no vacation without legislation! >> boo! >> they not only seem mean-spirited, petty, reckless, and angry down there in washington, they're also slothful. have you ever been able to say to your boss, walk in, you know, hey, man i know i've got a huge project due, one that could bring down the whole company, but darn it all, hey, see you later, sport, i'm taking a vacation. i'm out of here! not only do i advocate no vacation without legislation, i want to know, a new one for you. a litmus test. i want to know which of these bitter politicians have tickets in their pockets to fly out of washington next week. i'm no
campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems that the impasse cannot be solved and we got to -- go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government man-dated recession, which is what it's amounted to doing, but we can't even get them to promise no vacation...
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boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. th
boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say...
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there would be an election. he said last night in no uncertain person that person would be nick lal holas. >> all right, patrick ottmann, thank you. appreciate it. live from havana. >>> shifting gears. dallas cowboy linebacker jerry brown has been killed in car accident. he was in a car driven by brent. this comes as we get surveillance video of kansas city player jovan belcher. he made heldlines last beak after killing his girlfriend and then himself. i want to bring in joe carter. joe, let's bring in the dallas cowboys. what more do we know about the tragic accident? sniet obviously happened early saturday morning around 2:30 a.m. josh driving the vehicle. his teammate and roommate was in the passenger seat. he was traveling well above the posted speed limit, which was 45 miles an hour. it hit the curb, flipped over it its top and the police say it slid about 900 feet. they arrested 24-year-old josh brent. one count of intoxicated manslaughter and they obviously pronounced jerry brown jr. dead at the hospital
there would be an election. he said last night in no uncertain person that person would be nick lal holas. >> all right, patrick ottmann, thank you. appreciate it. live from havana. >>> shifting gears. dallas cowboy linebacker jerry brown has been killed in car accident. he was in a car driven by brent. this comes as we get surveillance video of kansas city player jovan belcher. he made heldlines last beak after killing his girlfriend and then himself. i want to bring in joe...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell them what your so called friends did to your office desk? >> it was a rubber snake. >> a rubber snake. and did it scare you? >> it did. >> i was so heart broken to hear this, i said look, how about this, john. if you agree to a 1% raise on the top two americans, just two people, i will dissolve social security -- dissolve it. so we took it to the republicans, and congress, and what do they do? >> they invited me to a pizza party. >> and when you got there? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then
i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell...
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i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call. >>> top secret rescue mission. an american saved in afghanistan but at a heavy price. >> look who's talking. president obama and john boehner finally get together a little more than three weeks before we hit the fiscal cliff. good morning, everyone. welcome to "early start." i'm john berman. >> it's so night to you have back, john. it's 6:00 a.m. in the east. let's get started. the two men who stand between a
i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so...
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engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >> last i checked you look out for yourself. >> that's public servants are supposed to do, roland. >> no. in new york, you are concerned about new york and not california. you focus on where you are. that's the reality. >> all right. we are going to hit pause there. please let us know what you think about that conversation on twitter and facebook page. >>> next, when's a bigger insult? being called, you know, lame duck congress or new york jet? ts to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the
engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >>...
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he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out for the long-term interests of their citizens, their states and also the country as a whole. rather than sub sid dies development in really dangerous areas. that's called moral hazard, and that's something that's really bringing the country to its knees economically. >> last i checked, you look out for yourself. you might say that's not a great idea, if you're in new york -- actually, no, if you're in new york you're concerned about new york and not about california. you focus on where you are. that's a reality. >> all right. thanks very much to both of us. please let us know what you
he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out...
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. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? i have obligations. cute tobligations,
. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the...
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these are the folks who helped elect the president not too long ago. should the president step in and go to bat for them? >> well, you know, the unions have been enormously supportive of the president as you point out. not only during this campaign, not only as foot stole jer sold helping get out the vote, but also financially with their dollars. the white house already expressed its support for the unions opposing right to work legislation. one of a white house official put out a statement today, matt lairic, saying in part, let me find the statement, president obama has long opposed so-called right to work laws and he continues to oppose them now. the president believes our economy is stronger when workers get good wages and good benefits. and he opposes attempts to -- he opposes attempts that -- can we change the graphic? >> it is up on the screen. >> he opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and stro
these are the folks who helped elect the president not too long ago. should the president step in and go to bat for them? >> well, you know, the unions have been enormously supportive of the president as you point out. not only during this campaign, not only as foot stole jer sold helping get out the vote, but also financially with their dollars. the white house already expressed its support for the unions opposing right to work legislation. one of a white house official put out a...
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they've got lots of votes, but the elected representative, in this case, the elected president, is not as keen on the whole other bunch of stuff. the rule of law, separation of power, individual lib erties, s he's trying to do a power grab. this is the drama that's playing out between democracy on the one hand and on individual liberty. >> what seems confusing, what morsi did with his decree, declaring himself more powerful than the supreme court, he's also at the same time saying he's going to put this to the people to vote on a referendum and that should assuage those who don't like, just go to the ballot box. >> but think of what i just said, so yeah, you could get the people to agree to a constitution that does not protect the rights of minorities, that does not institute the rule of law in judicial review. there's always been distension. hitler was elected democratically, so the fact morsi can go to the people and more than popularity, because of organization, the islamic parties tend to win in these elections. >> it's not as though the people of egypt would like to see this kind
they've got lots of votes, but the elected representative, in this case, the elected president, is not as keen on the whole other bunch of stuff. the rule of law, separation of power, individual lib erties, s he's trying to do a power grab. this is the drama that's playing out between democracy on the one hand and on individual liberty. >> what seems confusing, what morsi did with his decree, declaring himself more powerful than the supreme court, he's also at the same time saying he's...
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300 elect torl votes. >> so erik, are karl and dick being put in the penalty box? >> i don't know. it was on his website. he said, i'll be on twice next week. it seems they're having to do some pr work. i think that's good. i don't think dick morris -- we don't need to hear from him anymore. >> the question i have, callie, is whether or not -- lots of pundits are wrong about a lot of things, whether they're being made to adopt a lower profile. they weren't just wrong but seen as partisan republicans as opposed to independent analysts. >> i think there's a couple of things going on here. first of all, he wasn't just wrong. he had a meltdown there. that was more than just wrong. >> about the calling of ohio. >> yes. >> okay. >> exactly. so that's -- you know, that's more than wrong. that's a whole event that took place around his being wrong. >>> i think the second part is this is karl rove, not some other pundit. >> all right. >> yeah, yeah, that's what they say. so yeah, yeah. >> let me move on to msnbc. you even done a little reporting on this. rachel maddow had o
300 elect torl votes. >> so erik, are karl and dick being put in the penalty box? >> i don't know. it was on his website. he said, i'll be on twice next week. it seems they're having to do some pr work. i think that's good. i don't think dick morris -- we don't need to hear from him anymore. >> the question i have, callie, is whether or not -- lots of pundits are wrong about a lot of things, whether they're being made to adopt a lower profile. they weren't just wrong but seen...
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i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe the last grims of this picture, an eminent cabinet shuffle is expected. >> the president has got a lot of very, very good people to choose from. he wants to put together a team especially in international affairs, a team overall that going into a second term does not look like a second team, does not look like a group of second stringers. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in l
i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe...
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but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to negotiate about spending cuts, right? >> well, i think that a deal is to be made that would benefit the people if it were done earlier. and the incentive is knowing that the scenario that the "the wall street journal" put forth could take place. we need a discussion right now, and we need to have a discussion where we could have sensible solutions with regard to the safe any net programs as well as the tax cuts. >> what's on the table for the democrats? >> i think what judy is saying is very true. we're going to get to this point anyway. it's just a question of when and how much damage will be don
but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to...
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voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands we spoke with last night, and i asked him about amsterdam's famously liberal drug policies and if your city should fear an increase in crime now that pot is legal. listen. >> they don't have to fear any increase -- that's my experience here in amsterdam, because what i told you, there's a nice atmosphere, a lot of foreigners are coming to buy their soft drugs. it's not heroin or cocaine. it's soft drugs, cannabis, marijuana, and there's strong regulations. people who are under 18 can't buy it. the mayor checks every coffee shops several times a year, the police is checking it. >>
voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands...
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this is impressive given by the uncertainty of the presidential election. businesses are holding firm in their hiring and firing decisions. another unusual factor in the numbers, the layoffs and strikes at hostess. those could also affect the numbers. hostess filed for bankruptcy last month. i want to bring you up to speed on facebook moving on up. the social network will be listed oven the nasdaq 100. it could be added to the s&p 500 soon. the shares were down nearly 30% since that much-hyped ipo. market value is about $60 billion. it would rank monothe top 50 largest companies on the index. one strategist says the move is eminent. >>> we're following breaking news. an earthquake rattles tokyo and there are injuries reported. >>> hold up, an escalator goes out of control with shoppers aboard sending them flying. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can m
this is impressive given by the uncertainty of the presidential election. businesses are holding firm in their hiring and firing decisions. another unusual factor in the numbers, the layoffs and strikes at hostess. those could also affect the numbers. hostess filed for bankruptcy last month. i want to bring you up to speed on facebook moving on up. the social network will be listed oven the nasdaq 100. it could be added to the s&p 500 soon. the shares were down nearly 30% since that...
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he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if yo
he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement,...
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crist was elected governor as a republican in 2006, then later ran for the senate as an independent. he campaigned for president obama, and spoke at the democratic national convention. he's now officially a democrat and is widely expected to run for governor again in 2014. >>> south africa's beloved nelson mandela is getting tests in a hospital. the country's president says no cause for alarm there. he says the 94-year-old mandela is getting tests consistent with his age. the nobel laureate became his nation's first black president. >>> the fbi wants to talk to a man in custody in egypt. he's a well known islamic extremist. that's why egypt wanted him taken down. but american terrorist watchers think he might be behind the deadly attacks this year at the u.s. consulate in libya. cnn's susan candiotti has more from new york now. >> investigators have had this man on their radar for some time. and now he's being called a possible suspect in the benghazi attacks. mohamed jamaal abu ahmed was arrested by egyptian authorities a couple of weeks ago. and remains in custody while the investi
crist was elected governor as a republican in 2006, then later ran for the senate as an independent. he campaigned for president obama, and spoke at the democratic national convention. he's now officially a democrat and is widely expected to run for governor again in 2014. >>> south africa's beloved nelson mandela is getting tests in a hospital. the country's president says no cause for alarm there. he says the 94-year-old mandela is getting tests consistent with his age. the nobel...
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the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south da
the presidential election may be fading into the rearview mirror, but it feels a lot like campaign season. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. >> the president speaking at a cam tpaign style event in philadelphia, pushing to avert the fiscal cliff. house republicans hours before the president's trip push back against mr. obama's plans in their own campaign...
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my election -- i was elected on a business platform. and for 45 years, i've developed four communities of 2,500 acres or larger. i'm a community builder. i've owned harley stores and marine stores. i've been a general contractor. >> you're a job creator? >> i'm a job creator, a community creator. so the folks here in story county look upon me as a business developer, as a community builder, a lot of revenue generated. and then the next level is that i do a lot for the community. i've been heavily involved in tourism in virginia city and all of the events -- we race camels and outhouses and have chili cook-offs up there. the gold mining is fabulous. but my business base in story county for 15 years is generating revenue. that's just the bottom line. >> let me jump in here. a couple of things you said, you said that you believe that the mustang ranch and the bidses that were built -- similar businesses, you say they were positive for the community. some people would say, no way, how are they positives? >> well, they're very positive becau
my election -- i was elected on a business platform. and for 45 years, i've developed four communities of 2,500 acres or larger. i'm a community builder. i've owned harley stores and marine stores. i've been a general contractor. >> you're a job creator? >> i'm a job creator, a community creator. so the folks here in story county look upon me as a business developer, as a community builder, a lot of revenue generated. and then the next level is that i do a lot for the community....
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the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. that could undermine u.s. creditworthiness, u.s. interest rates, all that kind of stuff, and the republicans will have some serious leverage there down the road. both sides have leverage. my bottom line in the short run, the democrats have some more. >> so it sounds and before we even get to that very valuable piece of leverage, the debt ceiling discussions, it's odd that it would seem as though the democrats would benefit from heading over the fiscal cliff because then it's the marketing message of who was to blame for it. all the while though, wolf, there are all those calamitous cuts t
the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. that could undermine u.s. creditworthiness, u.s....
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the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things
the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do....
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...
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this is his third cancer that we knew of before the elections in october in venezuela. he said he'd been cured of cancer. that the doctors essentially saved his life. it turned out that that information was incorrect and hugo chavez in a very emotional address tonight to the people of venezuela said he needed to return to cuba immediately to undergo surgery and that his life is essentially on the life. he said good-bye to venezuela, said the support of the vice president -- and hugo chavez perhaps looking at mortality in the face. >> i think it's interesting that he said good-bye to the people of cuba. should we be reading anything into that? >> reporter: i think absolutely. it's been a year and a half where hugo chavez has really spent more time in cuba perhaps than in venezuela. months and months in cuba fighting cancer. some of the speculation flying around this time about his health and he consistently has said that he was receiving very good treatment, that he was recovering. again, it seems like those reports were not accurate, that hugo chavez is someone who's ve
this is his third cancer that we knew of before the elections in october in venezuela. he said he'd been cured of cancer. that the doctors essentially saved his life. it turned out that that information was incorrect and hugo chavez in a very emotional address tonight to the people of venezuela said he needed to return to cuba immediately to undergo surgery and that his life is essentially on the life. he said good-bye to venezuela, said the support of the vice president -- and hugo chavez...
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there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in the southern -- southeastern portion of jerusalem. i don't think he's going to go through with e-1, but he is going to go through with some of the new neighborhoods. i think there are over 2100 new units which would be 5% of all of the israeli units constructed in east jerusalem since 1967. so i think benjamin netanyahu worried about his right wing base in the wake of a cease-fire which he's being criticized from his right. in anticipation of upcoming elections does what he basically has done. he's committed to a unified jerusalem
there's an upcoming election. it's a short-term domestic tactic, wider damage is being done to relations with the u.s., eu and concept of a peace process, which is just a consent at the moment. >> it's true, michael. look, the reality that is benjamin netanyahu's current circumstances, his politics and his ideology all conspiracy to basically create this most recent move on settlement activity. not only conceptually go ahead with e-1, but to increase the number of units in settlements in...